Dont worry about those kinda posts. Those guys most likely Havent purchased Megadroid and are just looking for trouble. The regulars of us online with this blogg, know our MD better than most! AND we are still learning every day. I have owned several bots and so far this is the best one on my settings with my broker. Keep up the good reporting! WE all DO wanna hear about Megadroid and how your doing with it.
Garry in Naples FL
I am going to try and blow a $75000 account using MDP starting this week. All settings will be default, but the risk setting will be 100%. I will update you guys weekly on what happens. In the meantime, check out Forex Robots - The Best Forex Robots in Live Trading Competition. The MD is ahead with a 781% gain in 180 days. The risk setting that they use is 75%.
I heard Forex-robots used 30%
in the competition. You heard 75%? Let us know about the 100% testing.
Garry Higgins in Naples FL
Version=1.20
_1=System Parameters
Stealth=1
Aggressive=1
NFA=0
GmtOffset=2.00000000
AutoLocalGmtOffset=1
AutoServerGmtOffset=1
S1_Reference=77777773
S2_Reference=33333337
ReceiptCode=*********
_2=Comment Position
TopPadding=1
LeftPadding=30
TextColor1=16119285
TextColor2=13882323
_3=Strategy Parameters
Slippage=3
SendEmails=0
_4=Order Management
LotSize=0.10000000
_5=Ratio Order Management
RiskLevel=0.75000000
RecoveryMode=1
These are the settings in their memberâs area.
I HAVE set up an MT4 stats account, but itâs not working. 
Edit: Here is the statement of the small account that I mentioned earlier.
How did the 100% risk work out with back testing? Wont it hit an Error if it cant double up on a loss? Cant double a 100% risk when it has its first loss.
Garry
That confuses me too. Charts set for 1 hr, but the end of the S1 inputs has timeframe 0=5 min and timeframe=1 15 min
with the default at the 1=15 min.
S2 inputs show the default for 0=5 min
How and why does that work on an hour chart rather than just setting up a 15 min chart?
The Timeframes of 5 min(aggressive) and 15 min are hard coded in the MD code and it does not matter on what TF chart you actually put the EA on.
Setting risk at insane levels like 0.75 can kill your account very fast, because you are risking 75% of your account per trade.
PT
Have you set the correct port number? 2354 ? And made sure that your router or firewall isnât blocking this port?
You see the thing is, MD does not risk the % that have been selected. It is actually much less. The analysis snapshots that I posted earlier was on a risk setting of 50%. The maximum risk was only 23%. The average risk was 7.35%.
you posted a snapshot of an account running MD PRO version on multiple pairs.
In that version it is correct, that the risk is divided by the number of pairs used by a simple factor derived from the Global Variables. i.E 75% /5=15% risk per pair per trade and slightly more or less, if your margin requirement is converted into deposit currency.
[B]But in this thread, we are talking mainly about the standard MD version, which trades only 1 pair.[/B]
If you set the risk too high in the standard version you are in fact risking per trade the percentage entered.
PT
Oh, I see. I have no experience with the standard version. 
How many monthâs worth of data is neccesary to make an informed decision about an EA?
i hav bought MD three days back.
i have set it up on forex.com demo but no trades.
i know it doesnt trade everyday.
but how do i confirm whether i have set it up properly or not.
also i monitored opâs and wendyâs account which use md and no trades there either.
so how can i just make sure i have configured it right?
What gives you the right to be so elitist? the heading on this thread which i sincerely doubt you started is simply Forex Megadroidâno versions excluded.
I welcome the insights on all versions.
Megadroid and Megadroid Pro are 2 different EA`s.
There are substantial differences in pairs, results and availability.
Early MD Pro versions crashed MT4 frequently, i am not aware that this has changed since than, so maybe worth to check your MT4 more often than not.
While there are live trading results available from MD of well over a year now, very few traders continued MD Pro after a rather dismal performance right after the release.
Tests of MD Pro got abandoned rather swiftly.
If a poster like ladder makes a comment and posts a setting and in addition refers to a website, which tests MD, but posts an account statement with MD Pro, confusion can easily arise. Specially, if a setting is posted along with it, belonging to MD Pro and beeing highly dangerous for MD.
So i saw the need to comment.
Please get used to the rather âelitistâ use of the english language in the Kingdom. If you do not like it, please do not read my posts.
PT
Lots of us will post if we have a trade and we will tell you if its a win or loss!
Garry
[B]Info on the Proversion of MD almost made me change some major settings on my larger cash account. Im glad someone made note that this is not the same software with additional name tacked to it (PRO). If it doesnt function and work the same, the pro version info could be dangerous to all of us. I like to read about the Pro version, but it should include info thats its the Pro version thats being talked about, so we dont make un- needed changes to our prefectly working good accounts.
Im very proud of my current MD set up and will be glad to share what I have experieced so far. Over 44 wins in a row so far. I quit counting the wins, a few trades back.
thanks
Garry[/B]
very reasonable view and i totally agreeâall versions should be welcomed as long as they are noted if other than the basic MD.
I hope all MD Pro enthusiasts are aware of this fact:
Early MD Pro versions crashed MT4 frequently, i am not aware that this has changed since than, so maybe worth to check your MT4 more often than not.
PT
Crash reports available all over the net.
With megadroid and stealth mode, does it really matter if the broker has a dealing desk?
I just came across a broker headquartered in Panama but operations offices in NY --eforex-- offering 1 pip rebates per std lot equivalent but they have a desk.